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Serinus Energy raises $21m in share placing

By BFN News | 08:15 AM | Friday 27 November, 2020


Oil and gas company Serinus Energy has raised $21 million from a share placing, it announced this morning. The company issued nearly 788 million new shares at 2p each. Serinus said the proceeds of the placing would be used as part of a proposal to retire its convertible debt, as well as to pay for the installation of the first pumps in a well for its Sabria field in Tunisia. Three Serinus directors participated in the fundraising, buying 2.9 million shares between them. At 8:15am: (LON:SENX) Serinus Energy Plc Ord Npv share price was 0p at 3.2p Story provided by StockMarketWire.com

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